Franklin Resources Trims Stake in Cadence Design Systems

Asset manager cuts holdings in software maker by 7.1% in Q3

Published on Mar. 11, 2026

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Franklin Resources Inc. reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7.1% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 3,942,491 shares of the software maker's stock, representing approximately 1.45% ownership.

Why it matters

Cadence Design Systems is a major player in the electronic design automation (EDA) software industry, providing tools used by semiconductor companies and system designers globally. Changes in institutional ownership of the stock can signal shifts in market sentiment and influence the stock price.

The details

According to the 13F filing, Franklin Resources sold 300,936 shares of Cadence Design Systems during the third quarter. The asset manager now owns around 3.9 million shares of the company, worth an estimated $1.38 billion based on the stock's closing price on the last trading day of the quarter.

  • Franklin Resources filed the 13F disclosure for the third quarter of 2026.

The players

Franklin Resources Inc.

A global investment management organization that provides a wide range of investment management and related services to individual and institutional investors.

Cadence Design Systems, Inc.

A leading provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and electronic systems.

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The takeaway

The reduction in Franklin Resources' stake in Cadence Design Systems reflects broader shifts in institutional ownership of the stock, which can impact the share price and trading volume. Investors will likely monitor changes in major shareholders' positions for signals about the market's sentiment towards the company.